Citi loans directors to Obama
Three of Citi’s 15 directors — Time Warner Chairman Richard Parsons, Xerox CEO Anne Mulcahy, and former Treasury Secretary Robert Rubin – are also members of Obama’s transition economic advisory board.
It’s hard to say which is more difficult: Helping Obama figure out how to bring the economy out of its worst crisis since the Great Depression or overseeing the No. 2 U.S. bank as it combats mounting debt losses and sagging economies worldwide. As if that were not enough, Parsons and Mulcahy also have their own not-so-small companies to look after.
Either these directors are very good at delegating, or like Citi, they never sleep.
(Photo credit: Carlos Barria, Reuters)